AST SpaceMobile shares tumble nearly 12% as technical selling pressure accelerates

Traders Union
All News
Stocks
Ast spacemobile slides 11.71% today

Highlights

AST SpaceMobile recently deployed three BlueBird satellites and secured a 30-year satellite services concession from Chile’s Subtel.
The company obtained a U.S. Space Force contract for space-based sensing and faces several class action lawsuits with investor deadlines approaching.
Shares of AST SpaceMobile closed at $31.45 after an 11.71% drop, trading below all key moving averages with a projected five-day range of $27.85 to $36.16.

Stock stagnation persists despite satellite launches and legal developments

AST SpaceMobile is scheduled to report third-quarter 2026 earnings on November 9, 2026. The company recently launched three new BlueBird satellites to enhance direct-to-device cellular connectivity and was granted a 30-year mobile satellite services concession by Chile’s Subtel. AST SpaceMobile also received a U.S. Space Force contract to advance space-based sensing technologies, and several class action lawsuits have been filed with investor deadlines approaching, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, highlights the clear bearish structure in AST SpaceMobile. He notes persistent technical weakness, with the stock trading far below all moving averages. Kharitonov remains cautious on the recent news flow. He stresses that lawsuits, despite major contract wins and new satellite launches, create uncertainty. The upcoming earnings report adds another layer of risk. "Until AST SpaceMobile breaks above $36.16, any rebounds should be treated as short-lived and rallies are best sold into."

Viktoras Karapetjanc, expert at Traders Union, sees opportunity beyond the current selloff. He emphasizes that strategic launches and the Space Force contract reflect strong long-term fundamentals. In his view, legal issues are short-term noise compared to the company's expanded regulatory footing in Latin America. Karapetjanc believes the technological progress supports a bullish structure over time. "With robust project momentum, I expect further growth for AST SpaceMobile if it stabilizes above $27.85 and the market refocuses on fundamentals."

Jainam Mehta, market strategist, notes the prevailing downtrend and high volatility. He acknowledges intraday swings create near-term risk but also tactical setups. Mehta points out that oversold readings hint at a possible contrarian rebound, especially if momentum shifts. "I would watch for a potential breakout above $36.16 as a tactical long trade, but a drop below $27.85 invalidates that scenario."

Extended losses as technical boundaries and momentum reinforce downside

AST SpaceMobile is trading well below its 20-day, 50-day, and 200-day moving averages ($42.65, $53.34, and $76.4). This confirms sustained bearish momentum in short-, medium-, and long-term trends. The near-term ceiling is at $34.98, while the defined floor is $27.85. The 50-day moving average remains below the 200-day, reinforcing the prevailing downtrend. Momentum signals are predominantly bearish. MACD and Average Directional Index (ADX) indicate continued downside pressure. The Relative Strength Index (RSI) is neutral, while the Stochastic RSI and Commodity Channel Index (CCI) are in their oversold zones, suggesting potential for a rebound but not an immediate reversal. Bull/Bear Power (BBP) shows sellers dominate intraday momentum, and the Awesome Oscillator also suggests further selling. Intraday volatility is high at 12.18%, and the stock has dropped to session lows.

Earlier, analysts noted that AST SpaceMobile faced persistent bearish momentum despite securing strategic partnerships and regulatory approvals. The latest technical and volatility data reinforce this outlook, with traders advised to monitor $27.85 as the critical support level indicating the next downside risk.

Source of Data: ASTS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.